Net sale of dollars by the National Bank of Ukraine (NBU) increased this week to $533.4m from $507.8m a week earlier, according to the regulator’s data.
According to them, the central bank sold $533.6m on the interbank market and bought back $0.15m.
The official hryvnia exchange rate weakened by 37 kopecks during the week, in particular, on Friday the national currency exchange rate fell by 17 kopecks to UAH 39.7206/$$. – to 39.7206 UAH/$1.
In the cash market, the dollar also rose in price during the week: by about 12 cents to UAH 39.95/$1. – up to UAH 39.95/$1, including on Friday – by 6 kopecks.
As evidenced by the data, which the NBU managed to publish for this period, from Monday to Wednesday, the negative balance between the volume of currency purchases and sales by the population increased from $30.2 million to $56.9 million.
Last Friday, May 3, the National Bank announced the largest package of easing of currency restrictions for businesses since the beginning of the full-scale war, which provides for the abolition of all currency restrictions on imports of works and services, provides the ability of businesses to repatriate “new” dividends, provides an opportunity to transfer funds abroad on leasing and rent.
In addition, the new steps of currency liberalization provide for the easing of restrictions in terms of repayment of new foreign loans and interest on “old” foreign loans, as well as easing restrictions for the transfer of foreign currency from representative offices in favor of their parent companies.
As reported, the NBU increased its net foreign exchange interventions on the interbank market in April by 27.7% to $2.283bn, compared to $1.370bn in the same period last year.
On April 24, Ukraine received the second tranche of transitional financing in the amount of EUR1.5 billion (UAH 63.32 billion in hryvnia equivalent) under the European Union’s Ukraine Facility instrument, and the country also received UAH 2.7 billion in grants from international partners last month.
Ukraine’s international reserves in April decreased by 3.1%, or $1.4 billion – to $42 billion 399.5 million. On April 25, the NBU raised their forecast for the end of this year to $43.4 billion from $40.4 billion and to $44.3 billion from $42.1 billion – at the end of next year.
Number of refugees from Ukraine in selected countries as of 31.03.2024
Source: Open4Business.com.ua and experts.news
Population structure of ukraine (data from ukrainian institute of future)
Source: Open4Business.com.ua and experts.news
Number of dead and wounded civilians in Ukraine from 24.02.2022 till 31.03.2024 un data
Source: Open4Business.com.ua and experts.news
Ukrainian startups developing climate-friendly technologies can take part in ClimateLaunchpad , the world’s largest international green idea competition looking for business solutions to combat climate change. The deadline for applications is May 26.
The competition is open to newcomers to the cleantech industry with a promising business idea, as well as green startups, small or medium-sized businesses working in the following areas
● Adaptation and sustainability
● Clean energy
● Solutions for cities
Sustainable mobility
● Circular economy
● Water conservation
● Ecological food production
● New discoveries
You can become a member of the ClimateLaunchpad if:
1. You have not started your business yet or your company was registered less than a year ago.
2. You do not yet have a significant customer base.
3. You have not received more than 200,000 euros of investment.
4. The company’s profit from the sale of goods has not exceeded 200,000 euros at the time of application.
5. You speak English sufficient to study with English-speaking coaches and pitch on the international stage.
You can apply for participation until May 26 at the following link: https://bit.ly/CLP_UA_apply
How does the competition work?
Startups from 51 countries participate in the competition, including France, Germany, Switzerland, Colombia, Angola, Turkey, the United States, and Mexico.
Each of the participating countries provides training for the program participants, which allows startups to improve and test their business ideas. Topics include market segmentation, key financial indicators, competitive advantages, pitching preparation, and more.
The startups that win the national selection get a chance to compete at the regional finals of ClimateLaunchpad 2024 and compete for the championship with teams from other countries. The national stage of the competition in Ukraine has been organized by Greencubator since 2016.
For additional questions, please contact ukraine@climatelaunchpad.org
IC “Express Insurance” (Kiev) in January-April of this year made payments to the amount of UAH 148.3 million, which is 61.3% more than the same period of 2023.
According to the insurer’s website, including payments on CASCO amounted to UAH 125 million (58.2% more), on MTPL – UAH 19.6 million (+2.1 times), VHI – UAH 2.1 million (-11.9%), from other types of insurance – UAH 1.6 million (+14.9%).
Express Insurance Ltd. was founded in 2008 and is a part of UkrAvto group of companies. The company specializes in motor insurance. Since April 2012 it is an associate member of the Motor Transport Insurance Bureau of Ukraine.
